Daily Archives: March 15, 2016

Georgia will be presented at the Leipzig Book Fair 2016 with the new literary program organized and supported by Georgian national Book Center. The program includes various presentations of ten contemporary Georgian authors and four new German Translations supported by GNBC. Georgia participates at the Leipzig Book Fair with its …

Finance Minister Nodar Khaduri held a meeting with a representative of Bank of America Merrill Lynch. According to Ministry of Finance, Bank of America wants to study closely Georgia’s macroeconomic parameters, state budget’s performance indexes, as well as investment projects carried out with the support of foreign investors. Bank of America’s …

GEL has strengthened against USD and EUR on Tuesday The National Bank of Georgia has set a new exchange rate by March 16, according to which price of 1 USD will become 2,3575 GEL, 1 EUR /2.6126 GEL. Starting with March 15, the GEL has strengthened by 0.0600 point against the …

Azerbaijan invested 40 percent of the total investments made in the economy of Georgia in 2015, the National Statistics Office of Georgia reports. Last year, Azerbaijan invested $542 million (58.9 percent growth) in Georgia and became the largest investor in the country. The other major investors in the country are the …

Google’s Voice Search system is in the process of improvement.The company works on a new system, which does not require any Internet connection. The new system was tested on Nexus 5 which is 7 times faster than online system. Thus, offline voice recognition works as the outcome obtained was positive. …

The production of “Georgian Socks” can be exported. As the company’s founder Kakha Janezashvili announces, the company entered the market 4 years ago.The company uses only Italian equipments in the production process. Accroding to him, initially, only few of dozen stockings were produced, whereas nowadays 80 varieties of 20 thousand pairs …

In February 2016 the Producer Price Index (PPI) for Industrial Products increased 1.1 percent over January 2016. The index rose 3.9 percent compared to February 2015 and 25.5 percent over the 2010 average. In February producer prices registered a 1.0 percent increase for manufacturing, producing an upward effect of 0.82 …

According to the minimum food basket, the men needed 163.2 GEL for existence in the month of February – Geostat stated. Although this indicator is less than the month of Janury by 1 GEL, but more than the indicator in 2015 by 3.2 GEL. Based on the calculations of Geostat, the average family minimum living …

Berlin-based practice graft architects have won the competition to develop their proposal to transform rose square in the city of Tbilisi in Georgia. The urban square is one of the few public spaces within the city and currently sits as parking lot. capitalizing on its central and location, the area …

British Airways company ceases flights on the route London-Baku and vice versa from May 1, 2016, the company’s Baku office told Trend on March 15. The last flight on the London-Baku-London route will be performed on April 29. The company cited the fall in demand and commercial inexpediency as reasons for …

In 2015 commercial banks issued 1.161 billion GEL loans in the Ajara Region, including 71% long-term loans, the Ajara Finance and Economy Ministry says. According to the statistics, the 2015 crediting volume in the Ajara Region has increased year on year. A bulk of the issued loans is denominated in …

Georgian MP Levan Berdzenishvili has released comments on the current situation in the pharmaceutical market. Appearance of a new player has sharpened competition in the market, MP Levan Berdzenishvili said. “The new player will boost competition. This issue is not questionable. We should welcome the new player. Its entrance may …